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08

Summers Warns of Financial-Crisis Risk From Trump Economic Plans

By Tony Seruga

Financial deregulation would be ‘hugely dangerous,’ he says
Ex-Obama adviser says stronger dollar would hurt exporters

Lawrence Summers.

Photographer: Kiyoshi Ota/Bloomberg

Former U.S. Treasury Secretary Lawrence Summers attacked the policy proposals of Donald Trump on several fronts, saying the president-elect’s plans for deregulation were setting the stage for the next financial crisis.

“The deregulation in some areas like finance is hugely dangerous,” Summers said Sunday in an interview on Fox News Channel. “Who wants to go back to the era of predatory lending? Who wants to go back to the era of vastly over-levered banks?”…

Summers Warns of Financial-Crisis Risk From Trump Economic Plans

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